The Economics of Steering the Transition to a Low Carbon Economy

Presentations given at a three-day course ‘The economics of change: achieving better growth and a better climate’- part of a joint programme between LSE Enterprise in Spain and the Fundación Ramón Areces. It formed part of a series of social science ‘masterclasses’ in Madrid and focussed on the following topics: understanding climate risk; exploring the apparent trade-offs between reducing climate risk and fostering growth; market failures & infrastructure investment; carbon pricing and subsidy reform; innovation and competitiveness.

The sessions addressed the critical choices countries now face to reshape their economies. The Fundación Ramón Areces is one of Spain’s most eminent privately funded non-profit institutions; traditionally focused on biological sciences it has recently expanded its portfolio to social sciences. The audience was made up of participants drawn from the public, business and academic sectors.